Lessors Risk Insurance

As a commercial landlord, you're constantly at risk of your property being the center of a lawsuit.

Lessors Risk insurance, also known as Landlord insurance, protects against the complex exposures commercial property owners face daily. If you own a commercial property such as apartment buildings, retail complexes, or warehouses and lease space - Lessors Risk insurance protects you if one of your tenants sues you for property damage or injuries sustained while on your premises. 

Policies can cover many tenant claim scenarios, including slips and falls, vandalism, sewer backup, and fire.

In addition, a Lessors Risk policy would cover reimbursement for the tenant's physical injury, property loss, and potential legal fees. Additional risks covered are: 

  • Weather damage.
  • Smoke damage.
  • Vandalism.
  • Theft.
  • Water-related damage.
  • Automobile impacts on your property. 

To qualify for lessor's risk insurance, you must typically lease out the entire building or occupy no more than 25 percent of the building.

Some policies may cover multiple buildings, but most Lessor's Risk insurance types are location-specific. Premiums are based on several factors such as size, year built, construction class, and the business type of the tenant.

Our professional advisors are experts at tailoring policies and managing risk. 

Insurance is not one-size-fits-all. Contact us today to learn more. 

Request a Lessors Risk insurance Quote

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